Aug

18

New Dynamics in Indian Gas Future: RIL-RNRL-NTPC-Petroleum Ministry

Filed Under Capital Markets, Energy, India Business, Indian Government, Infrastructure | Leave a Comment

Given the nature of the multi-billion dollar natural gas resources under dispute, it is interesting, and welcome to have a transparent debate.  This is probably the first time that any corporate in India has taken this approach. We appreciate this this bold stance by Anil Ambani, and we welcome the ad by Reliance ADAG Group.
adag-ad-campaign-18aug2009
The Times of India has put in well:
The multi-crore campaign accusing the petroleum ministry of favoring RIL (Reliance Industries Ltd) at the cost of navratna NTPC in the now famous gas row, made the ministry defensive on Monday, prodded RIL to give out figures and estimates as explanation, and had ad professionals munching on whether this aggressive form of communication through advertising was a game changer.

The case is scheduled for hearing in the Indian Supreme Court on 1st Sep 2009.

Aug

11

Fortis Healthcare plans 2-for-5 rights share issue

Filed Under Healthcare, India Business, India Investment Opportunities, Indian Stock Market | Leave a Comment

Fortis Healthcare, the hospital-chain, is coming up with a 2-for-5 rights share issue. And the subscribers will also be entitled to two detachable warrants.

Announcement Date 24-12-2008
Rights Ratio 2:5
Face Value Rs 10
Premium Rs 100
Record Date 20-08-2009
Ex-Rights Date 18-08-2009

Fortis will price its rights issue at Rs 110 per share, to raise Rs 9.97 billion excluding the warrants, it said in a statement to the stock exchange.

The funds will be used mainly to fund greenfield projects (Medicity Gurgaon), redemption of preference shares, repayment of short-term debt, and for M&A and investment opportunities.